Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Up 100.0% in February

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 139,032 shares, an increase of 100.0% from the February 12th total of 69,523 shares. Based on an average trading volume of 506,813 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 506,813 shares, the days-to-cover ratio is currently 0.3 days.

Lenovo Group Stock Performance

Shares of LNVGY stock traded down $0.47 during mid-day trading on Friday, hitting $23.93. 90,252 shares of the stock were exchanged, compared to its average volume of 166,217. The stock’s fifty day simple moving average is $23.55 and its two-hundred day simple moving average is $26.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.71 and a current ratio of 0.96. Lenovo Group has a 12-month low of $17.84 and a 12-month high of $32.69. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 1.06 and a beta of 0.63.

Lenovo Group (OTCMKTS:LNVGY) last posted its earnings results on Wednesday, February 11th. The technology company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.22. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $20.65 billion. Lenovo Group had a return on equity of 26.18% and a net margin of 1.89%. On average, analysts forecast that Lenovo Group will post 2.06 EPS for the current year.

Analysts Set New Price Targets

LNVGY has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut Lenovo Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 20th. Zacks Research upgraded shares of Lenovo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Lenovo Group presently has an average rating of “Hold”.

About Lenovo Group

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.